AXA Strategic Ventures Invests in ‘massive information’ Startup employer, Evercontact

AXA Strategic Ventures* has made a $1 million funding within the French tech startup employer Evercontact, a cloud provider that extracts contact facts in emails and shares and updates them robotically.

With greater than one hundred,000 customers, Evercontact is the simplest absolutely automatic cloud provider “that as it should be and effortlessly unearths and updates contact statistics,” using a “big statistics” technique, AXA Strategic Ventures said, noting that the enterprise up to now has analyzed over 1 billion emails and created and up to date greater than 300 million user contacts.

The fee is obvious for a expert’s man or woman use or even more importantly as a collaborative tool to share touch data in a group’s address ebook or leads and accounts inside a customer courting management (CRM) platform, AXA stated.

The $1 million funding in Paris-based Evercontact is designed to “assist a era with the strength to improve AXA’s patron revel in” and boost up its entry inside the U.S. market, AXA stated in a announcement.

“contact control is obviously a primary trouble for insurance organizations, specially while optimizing their income relationships,” consistent with Minh Q. Tran, standard companion of AXA Strategic Ventures.

investing in generation associated with massive records is a concern for AXA Strategic Ventures, Tran stated, noting that Evercontact, as an innovator in this marketplace, “has a capacity for worldwide expansion that motivated our decision to provide assist for its increase.”

global growth

This funding will allow Evercontact to finance its technical and business development with the purpose of boosting its international presence, mainly within the U.S., a vital market which already debts for 80 percent of the corporation’s sales, AXA stated.

The startup objectives to extensively boom income inside the coming months, and to maximize U.S. business by using establishing an office in San Francisco in 3Q 2015. Evercontact has 10 personnel and plans to double that by using the stop of the 12 months.

“The finances will enable us to shift into excessive equipment, and specifically to make bigger our reach within the worldwide marketplace,” stated Philippe Laval, CEO of Evercontact. “Our provider is already successful with U.S.-primarily based agencies but our endured boom there requires a neighborhood presence, made feasible by this assist from AXA Strategic Ventures.”

*released in February 2015, AXA Strategic Ventures is a €200 million ($216.6 million) mission capital fund devoted to rising strategic improvements in coverage and monetary offerings with client-centered solutions. AXA Strategic Ventures invests in startups via seed funding and also provides challenge capital for greater installed businesses. The fund currently has six offices: San Francisco, ny, London, Paris, Zurich and Berlin, with a nearby presence in Asia coming in 2015.